Banyan Gold Completes Acquisition of Generic Gold's Yukon Portfolio

Deal Summary

Banyan Gold Corp announced the closing of its acquisition of Generic Gold Corp’s Yukon exploration portfolio, acquiring 2,158 claims across the Tintina Gold Belt. The transaction was paid for with 2,142,857 Banyan common shares at a deemed price of $1.40 per share, valued at approximately $2.2 million. The deal includes a statutory hold period on the shares until October 12, 2026.